Social Media

Amazon S3 Competitor Gets $12M in Funding

Nirvanix, the recently launched Amazon S3 competitor, has closed a $12 million equity financing round, led my Mission Ventures and Valhalla Partners. Windward Ventures participated in this round as well. The company has already received an undisclosed amount of funding.

The funds will be used to expand its core product, which is a B2B storage delivery service, on a global scale. Since launching earlier this summer, Nirvanix has gained about 40 customers worldwide. With a specific slant towards sites and networks that feature user-generated content, Nirvanix is addressing a growing need for servers that can handle the types of products that are currently being built. By appealing to this crowd, Nirvanix is competing with Amazon S3 while continuing to help carve its niche.

Another tool that has recently become available is the Ripcode transcoding service, which transcodes on demand in order to better serve social networks with user-generated videos. This appeals to the growing number of applications being built for media-sharing.

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